Marine loan rates are at an all time low, find out why financing your boat may be favorable even if you have the cash. Philip Bartholomew from Seacoast Marine Finance has a fresh new perspective from the inside. If you are looking to buy a boat in the next quarter you should Market activity is slowly increasing over 2009-2010 levels. Marine lenders are consistently lending money and aggressively seeking qualified applicants. Our clients continue to benefit from the current buyers’ market and are purchasing quality vessels at prices unthinkable at this time last year, or the year before, or the year before. I am continually amazed at the sale prices coming across my desk. In the past year, I have also seen experienced boat owners, many of whom were cash buyers of their previous boats, use marine financing not only as a business tool, but as a hedge. To them, the recent economic times have highlighted the benefit of minimizing their initial cash outlay and retaining much of the capital that would have otherwise been spent on the cash purchase of a vessel. In most finance transactions, 20% to 25% of a vessel’s purchase price is paid upfront and the remainder is financed. (FYI, the lowest fixed interest rates are reserved for those who choose to put down 35% or higher). Other personal or business assets or credit lines are not encumbered because mortgages are secured solely by the vessel. As of today, February 1, 2011, marine interest rates are the lowest they’ve been since 2004. Loans greater than $100,000 are in the 4% to 5% range. Typical loan term and amortization is 20 years. Depending on the loan size and the borrower’s planned length of vessel ownership, multiple loan options permit varying levels of customization and flexibility. For the most part, loan underwriting is based on the applicant’s personal cash flow, liquidity and credit history. Presentation of pay statements, Federal income tax returns and bank account balances are standard requests. Business owners and self-employed applicants are expected to show business returns and financial statements as well. For the well-advised and -prepared yacht buyer, today’s opportunities are remarkable. Prices are low and money is relatively cheap. Despite the prevailing market conditions, the fundamentals of a yacht purchase remain the same: find the right boat, negotiate an acceptable price, and use the tools available to structure the purchase to one’s best advantage. Feel free to post your questions below, and for the benefit of everyone we will keep the conversation open for everyone… Post is courtesy of Yacht Help Desk, where boating experts share their...

Whether you’re playing host to a group of important guests or racing to the islands with a loved one, the 70 Express pampers all occasions with a sense of chic intimacy. Sex appeal & style fused with performance & elegance. The 2012 Aquabay 70′ Sports is currently under construction … Want to learn more? [youtube]oYDl3D_cmN0[/youtube] Contact us: 954.650.7353, sales(at)lucidyacht(dot)com, or leave a private message below. Standard Specifications: Length Overall (LOA): 72′ 7″ (22.164 m) Hull Length: 70′ ( 21.250 m) Beam: 17′ 71″ (5.4 m) Draft: 3′ 6” (1.1 m) Engines: (2) Caterpillar C18 engines, 1015 hp Cruising Speed: 26 Knots* Max Speed: 29 Knots* Range: 380 Nautical miles* @ 20 Knot cruising speed Fuel: 1123 US gallons (4,250L) Water: 317 US gallons (1,200L) Holding: 238 US Gallons (900L) Grey water: 264 US gallons (1,000L) Classification: Bureau Veritas/ USL 1E & 2C Build: SCRIMP Vacuum Infusion Hull and Superstructure Naval Architect: Peter Lowe/TC Yachts Builder: TC Yachts Accommodations: 3 or 4 Cabin Layout *Estimates based on half load For more information call 954.650.7353 or leave a private message below Features… Licensed SCRIMP system since 1999, for lighter, faster, stronger hull 100% ABYC compliant & built to DNV high speed boat classification as standard ~ (ABS, Lloyd, NK, RINA upon request) Full size tender garage with electric tender cradle Push button retractable salon sunroof, and an electric Cockpit Sun Awning Relax at the forward & aft seating, or catch some rays at the expansive electric 4 way sunpad Alfresco style dining in the open aft deck (8 person table) Aft deck full Size BBQ, Bar with Fridge, Wine Cooler, Dishwasher 3 or 4 Cabin Layout + Crew Cabin Premium Ultra-Leather Fabrics Under Water Exhausts Whether you’re playing host to a group of important guests or racing to the islands with a loved one, the Aquabay 70 pampers all occasions with a sense of chic intimacy. Sex appeal & style fused with performance & elegance. Step aboard and make your way up the curved Euro-style transom into the aft deck where you can sun bathe all day on the expansive cushions and then entertain the night away at the overgenerous wet bar. The open main deck showcases large sleek windows for 360 degree panoramic views, plush lounge seating and an automated sunroof for maximum exposure. For more information call 954.650.7353 or leave a private message below For more information call 954.650.7353 or leave a private message below There’s much to like about this yacht from the famed TC Yachts shipyard, based in Taipei, Taiwan. With the performance package it can exceed a top end speed of 40kts (I know because I personally tested it!). You can be the wolf by day and the refined gentleman by night. Entertain the family or just you and that special someone. Model is under construction and very near completion contact us for a very special...

TACHOU Shipyard (TC Yachts) is located in Taiwan’s capital and largest city, Taipei, which contains almost 2.7 million residents and serves as Taiwan’s major financial, industrial, and political structure. Within the last several decades, Taipei has matured and evolved into one of the world’s leading manufacturers in advanced technology. The city has the highest wireless coverage in the world, with well over 20,000 WIFI access points. Major industries include electronics, textiles, metals, and of course most importantly, shipbuilding. It’s no surprise that TC Shipyard has set up shop in Taipei, Taiwan. In 1919, the tradition begins when a young Mr. Chen Builds his first wooden fishing boat.TACHOU, which in Chinese means Big Ship, was launched in 1972 to meet the demands of an expanding and multipurpose boat building industry. Since, hundreds of boats have been built exceeding numerous construction classifications, including Megayachts for private & Charter, Coast Guard vessels, Ferries, Military Patrol Boats, World Class CT Sailing Yachts, Sportfishing yachts, and much more. TC Shipyard is strategically located along Taiwan’s Tam-Sui River, with a private slipway for launching vessels & sea trials. Their state of the art facilities… All boats are built to the highest standards of SCRIMP Resin Infusion technology (2) temperature & humidity-controlled lamination shops Machinery workshop and Painting shop A launching railway and private slip into the water for sea trials Dedicated engineering department using the latest CAD design software Many of the craftsmen have worked with TC Shipyard for 30+ years. In a family-style environment, inspired by the three generations of Chen family ownership, they work with Passion, Patience, & a strong sense of Purpose. Approved by: American Bureau of Shipping, Bureau Veritas, Lloyd’s, NK & RINA, and ISO-9001 certified The New Generation of TACHOU ship builders, led by granddaughter Julia Chen, are keeping the family tradition alive with the launch of new semi-custom lines … AQUABAY and MIURA...

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The decision to get on the water is instinctive, unfortunately how to go about it is not. At any one time there are tens of thousands of used boats and a long list of new yachts available for sale making the selection process a daunting task.

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Our team members have managed 12,000 feet of combined new construction projects (Christensen, Westship, Viking, Symbol, Egg Harbor, Feadship, Carver, Jannace, Chris Craft, Hatteras to name a few), and sold over 1000 brokerage boats.